Running a business is an investment – you need to spend money to make money. But when it comes to managing your spend, there’s no room for error if you’re going to accurately forecast, budget, and invest. That means every expense report needs to be submitted on time and every vendor invoice receipt must be accounted for. But this is easier said...
You’ve hit your spending limit. Using manual, paper-based, and outdated systems to track expenses is costing your organization money and your own employees sanity. With employees spending more money across more channels than ever before, the...
In the last two blogs we’ve been looking at compliance and risk issues in growing businesses and how to manage it. In this last blog I’ll show you a three-step process for creating a risk management plan in your business. Travel Risk...
It’s a fact: When small and midsize businesses (SMBs) grow, time and money get stretched to the limit. Companies not only hire more people, invest in new equipment and work space, and buy more materials to produce products, but their employees...
We’ve spoken at length about the undeniable benefits that automating your expenses, travel, and invoices can bring. Automation saves time and money for finance, employees and the business alike. According to research, automating with SAP Concur...
For finance managers, it’s very easy to focus on the risks that fall into your remit: failing to comply with legislation, breaching travel and expense policy, falling victim to fraud, and the like. But businesses face other risks too. And as a...
Managing risk and ensuring compliance is a vital part of every finance manager’s role. Yet in the average small to medium-sized business, it’s often one of those areas that gets squeezed because of a lack of time and money. In this compliance...
Curious as to how modern invoice management tools can help you monitor and manage spending to maximize your profitability. From invoicing software to spend management best practices, we have you covered.